Global Refractories Market report Overview
Each and every insight presented in the report was published by an expert group of Maximize Market Research, which is derived from primary interviews with top officials from leading companies in the domain concerned. The report’s secondary data research methodology includes deep online and offline research and discussion with expert professionals and analysts in the Refractories industry. In the report, Refractories Market reports, industry trends have been explained on the macro level, which is expected to help to find an outline Market landscape and probable future issues.
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Market Size Projection:
Global Refractories Market size was valued at US$ 31.66 Bn in 2023 and the total revenue is expected to grow at a CAGR of 4.3%, reaching nearly US$ 42.51 Bn.
Refractories Market Segmentation:
by Alkalinity
Acidic & neutral
Basic
by Form
Unshaped Refractories
Shaped Refractories
The market is divided into Unshaped Refractories and Shaped Refractories based on the Form. During the projection period of 2024–2030, the unshaped Refractories segment is anticipated to rise quickly at a high CAGR. In situations where high-temperature resistance is required, unshaped refractories are gradually taking the place of conventional refractories. Monolithic linings, sometimes referred to as unshaped refractories, allow for extensive repairs with little downtime and decrease batch delays. The unshaped refractory has an acceptable gradation, high purity, and compactness. It can be made into a continuous liner and structure known as a monolithic refractory.
by Material
Graphite
Magnesite
Chromite
Silica
High Alumina
Zirconia
Other
by End-Use Industry
Iron & Steel
Power Generation
Non-Ferrous metals
Cement
Glass
Others
The market is divided into iron and steel, power generation, non-ferrous metals, cement, glass, and others based on the End-Use Industry. By 2030, the iron and steel industry is predicted to account for 65% of the global refractories market. The most common uses of refractories in the iron and steel industry are internal linings of furnaces for iron and steel, furnaces for heating steel before further processing, vessels for holding and transporting metal and slag, flues or stacks through which hot gases are conducted, and other applications.
The World Steel Association projects that by 2030, there would be 1.81 million metric tonnes of steel consumed worldwide, a 1.7% rise from 1.76 million metric tonnes in 2023. This represents the demand outlook for the global market, which is significant.
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Refractories Market report Scope and Research Methodology
The goal of the Refractories Market report is to help consumers to gain more information and a clearer understanding of the industry. The global Refractories Market growth analysis includes development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status for international Markets.
- The global Refractories Market overview and the analysis of several affecting elements such as drivers, restraints, and opportunities.
- Porter’s Five Force Analysis and SWOT analysis are used to define, characterize, and analyze the Refractories Market competition landscape, with a focus on global key players.
- Extensive analysis of the global Refractories competitive landscape
- Identification and analysis of micro and macro elements that influence and is expected to influence the Refractories Market growth.
- A comprehensive list of major Market players in the global Refractories industry.
- In the global Refractories Market, it provides a descriptive study of demand-supply chaining.
- Statistical study of certain key economic statistics
- Figures, charts, graphs, and illustrations are used to clearly describe the Refractories Market.
Refractories Market Key players:
1. RHI Magnesita
2. Saint-Gobain S.A
4. Shinagawa Refractories Co. Ltd
5. Krosaki Harima Corporation
6. Corning Incorporated
7. Vesuvius PLC
8. Harbisonwalker International (HWI) Inc.
9. Coorstek Incorporated
10. Morgan Advanced Materials PLC
12. Imerys SA
13. Puyang Refractories Group Co., Ltd.
14. Chosun Refractories Co., Ltd.
15. IFGL Refractories Ltd.
16. Resco Products, Inc.
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Regional Analysis
Each regional Refractories Market sector is thoroughly investigated to determine its current and future growth prospects. This helps clients to grow their businesses. The Refractories Market report covers all five regions and their country-wise distribution. Their Market size and trends are also included in the Refractories report.
Key questions answered in the Refractories Market are:
- What are Refractories?
- What was the Refractories Market size in 2023?
- What is the expected Refractories Market size by the end of the forecast period?
- What are the global trends in the Refractories Market?
- What are the upcoming industry End-Use Industry and trends for the Refractories Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Refractories Market?
- How is the intervention from regulatory authority shaping the Refractories Market?
- What growth strategies are the players considering to increase their presence in Refractories?
- Who are the leading companies and what are their portfolios in Refractories Market?
- What are the major challenges that the Refractories Market could face in the future?
- Who held the largest Market share in Refractories Market?
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Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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